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3. To piace and conhnuo~sly ~eep o~ 1hc Lu~:d;ngs Tww o. hrrcef~er ~ituate on s.~d land and on ali cquipmen~ end p~nonally covered by this mwt~
ege, wi~h ail premiums +hr~ron pa~d ~n full, hre inaurencc ~n +he ~s~~t sta~xla~d ~:o~~cy form, i~ ••um ayp~oved by tM MOR~~~%~GEE, and w~ndstorm
inf~r~r~~e in ~he usual stanJo~d pot~cy lo~m, in a wm aNproved by the MORTGAGEf, in such tompany w compsniea as the MORTGAGEE may
d~rect; and all firs a:~d w:ndstorm insuranco po5c~ee a~ any of ea~d bui~d~ngs. any intere~t therein ur part thereoi, in ~he aggrrgate wm ei«cuid w
~n excets ~hereof, shall ;ontain thr usual a~a~~dard mo~tgagee clauu w such ofi.er ds~se +s the blwtgagee may requ~r~, maMinp the ioas under s~~d pol~
c~ea, each and every, Faia~!e ro aa:d A1pRiGAGtf ~s ~ts +nt~r~~~ may a~~pear, and each and eve~y such poSCy shitl be µromptiy a~sg~rd a~~d delivered ~o
any hetd by s~~d MORIGAGEE as iurthv sec~nty ~o sa,J rnor~g:~ge drbt, a~~d. not le» than len (10} days i~ advance o~ tha expiration of eeth pollty, to de-
I,ver to said h10RTGAGF~ a ~axwal Iherrof, togetbr? wiih a rece~pt for the prnmiuen of suth ~e~~ewal; and there shall be ~w i~re or windstonn inwrante
plsced on any of faid build~ngs, any i~terest there~n or par~ ~her~ol, ur.:~ss in ~he lonn a~~d ~v~ih the lou payable as afaesaid; and fn ~he event any sum +
ot mo~ey bccomes payabte undc. such poiicy w ~o}~ues ss~d MGkTGAGEE shall have ~he opr~on to ~cceive and apply the same on accou~t o( the ~~debtad- ~
n~ss secured harcby o~ ~o permit said MORTGAGORS to recrive and use i1 W any ~~art ~/,~•~-r.~f ?or emcr ~U/I~JSGl, vntho~t ih_•.ur wain.g cr ~nepoir-
~ng any equ7ry, Gm w r~ght u~der w by v+rt~e oE this mo:~gage; and in the eve~t sa~d MORTGAGORS sFwt~ fw any reason tail to keep ~he ta~d p?emites so ~
~~sured, w tail to-deliver pranptly any of said poi~cies of msura~ce to said A\ORTGAGEE, er fai! p:omptly 1o pay fu11y any premium therefw o~ i~ a~y , ~ 3
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resprct tait to per{orm, d~scharge, executa, eflect, cornp;e±a, <ompty with and ab~de by th;s covenant, a any p~r~ hr~eot, said MORTGAGEE may pface and ~
pa1 (or such insuronce w any parl thnreof wiehovl waiving o~ atfecting a~y oplion, 1ien, equlty, or righl under w by virtue of fhis Mo~tgage, and the !
f~~i amuunt of each and every s~ch paymero shal; be ~mmecf+ately Vue and payabte and shall bear inte~es~ f~om the date ~heteot until paid at tFx rate ot
~ per cen~um per anr,~,.n or.d tc~r~her ,v~th such mt~•-esr snai~ Lr satured by the t:rn of th~a matgage.
J. To permit, tommit or sutfer rw wastt, impair~»rnt or drtne~oration of said property or any part therepf.
5. To pay all and singula~ the coats, cha~ges and e~pe~srs, includi~ig a reasonab!e attorneyy Fee and costs of abstracts of title, incurr~d w paid at
~~y ti~r.e by s~~d N!CkiGAG:E, bece~•se « in ~he erer,t of :he I~:lure un :fie p.,rt of ~he sa:d h`ORTGAGOR to duly, promptly and tully perform, dixFwge,
.ec~te, etfeu, comp!~re, compty wnh and ab:de by ea:h and e~ery the stipu:at:ons, agrcr:~,~ems, condi~ioos, and co+enants of saKi pro~r,issory note and th~i
,:.~r~~age any or a~~7,er, a~:d sa:d cosn. chargrs and expenses, each and every, shaft lx immed~alely d~e and payab?e; wherher or not there be notice do-
r:~a~~d, attemp~ to totteU w ~uit pendmg; :,nd the fult a~nount of each and every sucfi payroenl shali bear interest trom the date thereof uNil paid at tlx ~
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o' ~~~~~e per ca~s~n: ~.~•r an~~o:n; anc; ai, s.~~d c~s*s, ch.~:~es a~~d c,~i:cns_•s ~ntwrrd or pa~d, toyether wrth such interest, shall be setured by the lien of this '
r.ortgage.
A. That (a) in t!u• even+ oi any b•each of th~s Morsgage or d?fa~!t c,n the part of thc AAORTGAG~R, or (b) in the event any of said sums of rtwney
h~~.e~n referred ro be no~ prar.ptty and fut~y pa~d :v~~i~in ~h:rty 13vi days nert a*r_•r the same scaera!ty become due and payable, witFwut de~nand o? notice. ;
cr c) in the event each and every the st~pv'~~c,ns, agreemems. cond~t~ons a~d covenanta of sa.d promEswry ~ote and th~s mortgage any w either ar~ not j
pro~~~p'ty and fui:y F,~•fo-m>d, d s,~•j~g'd, e+eecvtatJ. c~fCt~td [cw.^•~:~rted. COmp~.rd .v~th and ab d-rd 5y, ~hen io erthe+ or any such evem t~ e sa~d ag
sate wm menrioned aa~d prcn:issnry note tSien rr~na~n;n~ unra~d, wrth nucre:! aca~ed, a~~d a~l moneys setured hereby, fl all become d~e and pay-
forrhn~th, or there.~{rcr, at ihe oE~r[o:~ ct »;d h1Ge2eGAGEE, as fuHy arw! canp~ete'y as if a'i of rl~e said sums of money were wiginally s~~pulated
h:- p.~:d on wch dai, a~yshing +n ,~ci crrr.,ss.:y note er in r~is lhorrgaq•: tc ihe aO~~trary notxSthsta~Kli~ig; a~~d ~he~eupon or thereafter af fhe opnon of
s. :i I.10RTGAGEE, wi~he~T ~uhcc or t~rm.~•.d, s.;~t at law o~ in eq~lty, +hrretwe ot thercai~tr begun, n~~y oe prosecuted as if all moneys setured hereby
r d matvred pr~or to ds ~~~s~~!~t~on.
7. That in ihe event ~hat at ~ne be:~in~~,•~g o' or at rny'+ane p.rnd~~:g a~iy su~s u;~o-. th~s Mortgage, or to foreclose it, or to reform it, or to enforce
.ent oi any c a:n;s h~rc:~ed~•r, s.+~d :::;~R'.G:-;:-_; s~~ai: epph; su ~hc Co.,:!. h~:~~~g ,~••id::tlon thcreof 1or the appo~ntment oi a Receiver, such Court shali
.~~'ti appo:•i1 a rece.••~~ c( ss•d ~.~•tga~ad prc:}.~-t~ ait .+nd i;~•3~id', i^.~~u r.y o. .~nU s~r~uular the income, profits, iswes and revenues f~pm wheteve~
s_.; e drr;;~d, e:ch ar,u e.ery cf wi,ch, n i;e~~:g ~•.':,c•sa!y u:~d:r~:~~.;i. ~s Fe:_~y m:~t~.,~:~d as if sRec:ficaily set forth a~+d destribed in the granting a~:d
!::e~:dum cia~ses hrr wf, and suck, Recei+rr sha~t have ah :he br~ed and eric~c+~+e ~o^.r cru end pu~ven in anyw~se eniwsted by a Court to a Recaiver, and
._h apppintment s~a3! be nade by s~ch Co,rt as an ad~-:~+`ed eq.;~ry a~.d n:a~ter cf a::sc:.a~~ right to said MORiGAGEE, end withcut relerence to the
a<'-~,~uecy or inadrquac; of t^.r vaiue of thr prcper~y n;o~~gaged o~ ro fhe so..~:::r~ o. .._,:~~:ency oi sa~d MORiGAGOR or the defrndaMS, a~d ~hat sueh
e:~s, profiis, incOme, issves ond ;ever.ues sha~'~ be aFpi~ed by s.,ch Rece?•.er au_~r~.,•3 to the lien or equity of said A10RTGAGEE and Ihe prattice of Suth
Coutt.
8. To du:y, prcrr~.t!y and f~lly per!o~m, d~sch3rge, eKecuf~, effec~, com, Iere, :o ~~:,l,r with and a6ide by each and every the st~pulations, agreements,
;~~,d~?;ens and cuvenar~~s :n sj~:l p:omisi~ry noTe a:~d cns mongage s~:t fo;rn.
9. Shat i~ the eve~,e st,e ownersh:p of fhe r+~.orTqaged prem~s~s. or an~ part ther.~of, k;ecomes vested in a person other than the MORTGAGOR, ihe
•`~'GAGfE, ~•s svccrssors and ass~gn:, r~~ay, w~;t:avt n„e:ct~ to fhe 3'!OR~G~O~, dea~ r.nh such s~cceuw w s~ccessor in ~nterest with relerence to thia
:?3ayc e~d Nie d:'^t ecreby sew~ea in the same ^;a:,n~r as .r~;h SSorrgaqor wdM~ou1 ,:i any way vit:ating or d~xha~ging 1he.Mortgagors' liability herE-
i.•r o: ~F~o.^. ±h~ d-at,r 1,c•eu~ sec::•_c! No sa.e ef ;••r ~re->~s-s h_~rei,y r:,o~±gagrd ard no lorbearance on the part of the 1~IORTGAGEE w its suetessws
; :ss g~~s a~.d ~o ex•cns o:, of rhP r, t..~ ;;.~y,.a~~e ~"r u,e v_•'~~ h•-~eh~ secv~rd g~ven by the 1dORTGAGEE or ~ts successws or ass~gns, ,i~ail operate
_.~se, d,scho•~e. ~~~od~fy c~ang^ o- ~rieu r~e o~ i;,.~ :.ty of rn~ h;C~RiGAGOR i~erein, either in whole or in part.
10. It ]s spet~ficai;y agrrad +f:a+ r:~r ~s of !ne rsse~ce uf thi; co• traU and that no waiver of any oh::gat~on hereynder or of the obligation se
~ed ha~eby s!-a:: a* eny h~:e rn•_rra~:er u~ +.e'J to 6_ a v:~~.r- ef t~r~ terms hereoi or of the instrumeit secured herby_ i
I 1. In .-.ri T.o ,•o ~he iec:,.~o ~_i •,.:sF', .~.v< ct _ ar:;1 i-.~~r~:st ~eq~::•~d by the prom~sscry ne!e se.u~ed hereb~, mortgagot tovenaNS ~
ayr~~es :o :~~y r.~ c-r~•~. E• ,ra:n ~rc~ ~l, y F:a;: ar. a~± :y s~•~, asn.. ;red 'o~ moHgagee to be eq~al Io l;' 12 of the annual tost of the_follow- ;
A-AI! real rcoperty f:,n~•s ~ev~e:! o. ass~s_~~ i agai~ st r?,c a,. ~ve desc::';~d +ual !s`a`e_ .
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5-Fr_ fir, n..~ ~..:~.d:Cn~.+.. r.tu'~re.. .~5 ii•_r~~~n rr-;~., cd to b~ cani,~d en the [m;;rovemeats S~t~ate on th? abovC d°SCribed premiS2i. y
C-Pre~ai•rr•s o:i svch ~r~~aoe gua•.a~a~ insucar.c~ as n:o~ryer,~e shali ircm t.:.e !o ti~ne ciee~n [it ~o tarry on the loan setured hereby. #
t
:to++gagee sh.,:+ f:c ...e:~e ~o s,-•~e na•~'; n,o~ry.:ac. :r; w~rt:ng of the a~:~o.;nt due and payab!e hereunder and such sum shall thereu{,ort be due and
~ ,t.'c on ~h. d,_ c;a•e c~ ~r_ n•_x~ :a , c~, ~t end e:c6 suc:essivz~ n:oeih ti-e!eah_~ urtil mortgagee sfiall notify mortgagor of a ehange in such
' :..r,r_ S~ch sv~^s s! 3 ~ br ~p~ +ir:i 4f rro+':~ag r~c:...-d ~i~e ~:a~~nrnt of r~a: preperty taxes, insurance p+ern:ums, and mwigage guaranty irtsuraoce
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; Iti ` ifT^:ESS 'NH~R:GF, r.,e sa,d !LOR;GAG•'_~ei has n~re~ • to s~t seai the day a ' st aforesaid. '~~t~ 4~~
{ ~D +~'~r~f~'
qed, Seale~ and de;i~ erec ' the presence of: s7.L~=E . . ~~i~,
~ 1= ` ~ AOuf n ?~i~RAS ~ ~ u~ ~ ~I)'
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~ 3~_~42 ~
~ STATE OF FLORIDA - COUNTY OF ST. LUCIE
I HEREBY CERTIFY, That on this ~lZs' day of Ju~ , A. D. 19 75
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~ before me personally appeared Jay C. Bumpers~ III~ and Jay C. Bumpers, Jr., -
~ respectively President and , Secretary , of
~ H. P. L.! Inc. ~ a F'Iorida - Corporation, to me
~ known to be the persons described in and who executed the forego~ng instrument and severally acknowledged the exe-
cution thereof so be their free act and deed as such officers for the uses ancj purposes therein mentioned; and that they -
a affixed thereto the official seal of said corporation, and the said instrument ;(s„the' att and deed of said. corporation.
g:
f VVITNESS my hand and official seal at Fort Pierce - , said couofy a~state.
~ This instrument prepared by ~
~ '~~n. E. Braun Senior Vice President
~ ~irst F era~ Savi s and Loan Notary ~uklit, in a Qr State b~ County aforesaid.
~ Associa~~on of ~'or~Pierce, Florida My Cot~mission bcpireta? Gr : 4 7 S ;
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~ i -4%• r ' ~
Checked By . ;
_ $QO1t~~ ~t1GE 1~
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